Wolfspeed Stock Jumps 21% as Citrini Research Reprices AI Power-Chip Bet
Wolfspeed popped over 21%, up to $65.13 by late Wednesday morning. At one point, shares spiked as high as $77.90. The chipmaker’s market cap swelled to around $2.55 billion on the surge. More than 18 million shares changed hands—well above the stock’s typical volume.